Joe lists a number of the current Board's unfulfilled promises and advocates the route taken by Liverpool to expedite the promised sale of the club:
The board should seek to appoint an autonomous group of professionals that will undertake the identification and selection of potential buyers of the club who will oversee the sale to the potential owner who can best demonstrate the resources, ability and a genuine desire to take the club forward on both a commercial and football level.
» Read the full article at The Mirror
Reader Comments (45)
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1 Posted 14/08/2015 at 16:03:31
2 Posted 14/08/2015 at 16:05:44
Well think about this. We won 2 league titles , 2 FA Cups (5 FA Cup finals), 5 Charity Shields, and UEFA Cup Winners Cup. In the 16 seasons prior to Bill Kenwright takeover.
Since 1999 we haven't won anything and the board have invested absolutely NOTHING into buying players other than re-investing what we sold.
3 Posted 14/08/2015 at 16:08:33
Kenwright must go and take Bobby the bullshitter with him. We need a professional board in place with a sound business model, if not we will end up like Sheffield Wednesday and Leeds United!!!!
4 Posted 14/08/2015 at 16:14:26
5 Posted 14/08/2015 at 16:33:36
I personally don't subscribe to that respondent's claims as I think there are a great many disgruntled Blues around at the moment, albeit for differing reasons, but many more are beginning to question how Everton FC is and has been run. They also want to know why we suddenly seem incapable of competing with the likes of Southampton and Swansea -- never mind Liverpool and Tottenham -- on or off the pitch.
6 Posted 14/08/2015 at 16:36:02
Our club has been totally asset stripped by Kenwright and his pals with absolutely no investment.
7 Posted 14/08/2015 at 16:44:47
As an aside of sorts, what's the big announcement due out at 9 p.m by the Everton Board Out likely to be?
8 Posted 14/08/2015 at 17:03:57
Hopefully the beginning of the end.
9 Posted 14/08/2015 at 17:10:58
10 Posted 14/08/2015 at 17:18:41
11 Posted 14/08/2015 at 17:23:51
12 Posted 14/08/2015 at 17:32:08
No doubt they won't even acknowledge it.
13 Posted 14/08/2015 at 18:00:40
Oh hang on... talk sport and even a London red top are already all over this, yet the paper that is supposed to service Everton ins. .. silence.
14 Posted 14/08/2015 at 18:25:42
Until they go we are in great danger of being relegated. Tomorrow against Southampton will be another disappointment without doubt.
15 Posted 14/08/2015 at 18:30:39
17 Posted 14/08/2015 at 21:12:05
The situation would be improved if Lord Grantchester, Mr Abercromby and the Estate of Sir Philip Carter agreed to sell at the same time, thus accounting for about 85 percent of the shares.
We then have the securitisation of season ticket/matchday income. What would be the penalty for early repayment?
Then we come to the funding from VIBRAC. I don't know how relevant this is, but when Reading were sold a couple of years back, VIBRAC had rather a large say in the terms and conditions of the sale, as Reading had taken a similar advance to the one we have, the only difference being that, rather than TV rights, it was secured on their parachute payments.
I'm probably looking at this far too negatively and simplistically, but is it a hard-headed investment for a businessman?
18 Posted 14/08/2015 at 22:09:11
I don't believe the issue would be lack of control, so the hard-headed investment angle may be what prospective buyers/investoors have run into; Bill has been effective at controlling the destiny of the club with barely a quarter of the shares to his name.
And Everton being privately held rather than publicly traded, I think this puts different requirements (if any) on what is a controlling percentage and at what percentage point a new owner would be required to make an offer for all of the privately held shares.
Perhaps someone who knows the details for a private non-listed company takeover/buyout can chime in here...
19 Posted 14/08/2015 at 22:34:15
So ideally an investor would want in excess of 90% so the dissenting voices are stopped. This may lead to other problems, but that would be for the court to sort out, or the minority shareholders to sell up, I suppose.
20 Posted 14/08/2015 at 22:38:18
21 Posted 14/08/2015 at 22:41:25
So that wouldn't apply for Everton.
Again, things might have changed, but as far as I know a controlling percentage in a private company would commonly be75% + 1 share - minority shareholders holding 25% can block certain resolutions of the majority shareholder(s).
Assuming my knowledge is still current, Dave is right - at least one of the minority shareholders would have to be persuaded to sell to any new owner as well to take the new owner over that controlling threshold.
Sadly, writing this doesn't make it any more likely to happen!
I'm on holiday in Spain at the moment. Normally, if I were away and we were on tv, I'd do my best to find a bar to watch it. Right now though I daresay I'm not alone among Blues in deliberately organising to be somewhere else at 12.45 BST tomorrow. Going walking in the mountains, there will be no signal and with the way I feel about things at the moment with EFC, sadly, that's exactly how I want it.
22 Posted 14/08/2015 at 22:45:21
23 Posted 14/08/2015 at 23:00:10
24 Posted 14/08/2015 at 23:46:09
25 Posted 14/08/2015 at 23:54:20
It's crossed my mind with players signing new contracts and how we keep reiterating Stones is not for sale. Plus BK's failing health. But then again, we've had so many false dawns with talk of the club being sold.
26 Posted 14/08/2015 at 23:59:15
27 Posted 15/08/2015 at 00:13:41
28 Posted 15/08/2015 at 00:15:05
I tried to promote a discussion as to why he left.
Have noticed various comments on here on various threads regards his health, but no one seems to have the ability to name if he is ill, rather than speculate, and what the illness is. My view is that rather than people hide behind comments like " bearing in
mind " his health,they either put up or don't comment. We need facts not speculation.
29 Posted 15/08/2015 at 00:32:05
No, it's a plane...
30 Posted 15/08/2015 at 00:35:04
He left the Southampton game after 10 minutes and has barely been able to get back to Goodison.
I have my own criticisms of his tenure, but the current flare up is coming at the worst time.
I fear fans groups will be made to look like fools. However, with greater transparency, that wouldn't happen.
31 Posted 15/08/2015 at 00:38:42
33 Posted 15/08/2015 at 00:48:09
34 Posted 15/08/2015 at 02:13:37
We could do with a billionaire but any decent business man would be able to fund our manager better than this board.
35 Posted 15/08/2015 at 02:18:38
The usual response has been 'kopite of toon army' behaviour, along with the customary follow up of 'Everton aren't we'. In the end of the day, both the campaigns from those teams worked.
A new regime for the RS and Ashley seemingly opening up his cheque book. It's been honestly been staggering to see how many fans are completely happy on how things are currently.
36 Posted 15/08/2015 at 09:01:57
37 Posted 15/08/2015 at 09:06:50
38 Posted 15/08/2015 at 09:19:29
39 Posted 15/08/2015 at 09:30:38
40 Posted 15/08/2015 at 09:35:14
And how odd that last time a large protest was planned there was talk of an imminent takeover that resulted in it being cancelled in case it scared off interested parties.
41 Posted 15/08/2015 at 09:40:16
42 Posted 15/08/2015 at 10:15:46
Though not a fan how the club is run at the moment you would have to question why anyone would want to buy us unless they are either a Billionaire Evertonian or a Multi billionaire who just wants to spunk endless cash for purpose of their own vanity. This is because to be able to consistently challenge at the top would require more investment than they would ever get returned to them from a future sale
What would a business man worth say 1 or 2 billion do if they bought us? Presuming they bought the club with their own cash and not a debt would they really want to invest more money or would they want to cut running cost i.e wages to make more profit. would they literally be aiming for 17th each season just to guarantee TV money and profits each year so that they see a return on their investment .
It wouldn't surprise me if new owner came in and sold Stones, Lukaku, McCarthy and Barkley, made a 1/4 of the money received available for replcements and then they would nearly have the purchase price paid back to them with the remainder of whats left
43 Posted 15/08/2015 at 19:07:05
44 Posted 16/08/2015 at 00:50:24
45 Posted 16/08/2015 at 20:06:22
With 'soccer' about to finally take off into the stratosphere in the States and a couple more seasons with 'the secretary of defence' in the nets, throw in a top marketing team, and throw Elstone out. Everton could really capitalise and be in the right place at the right time, maybe that was all a bit too specific huh?
46 Posted 16/08/2015 at 20:15:30
I have asked a friend who is very close to Keith Harris to see if there is any truth in these rumours.
I heard that Walmart (Asda) were in negotiations with the club and that Bill has a brain tumour.
Now I have to say right away I am not claiming these to be true just passing on what was claimed.
I am surprised though that nothing has been suggested in the media so it's either very hush-hush or untrue.
47 Posted 16/08/2015 at 20:20:26
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